Asked by Estefanie Estupinan on Apr 27, 2024
Verified
In a business plan,the business concept should be described vaguely in the executive summary to attract more venture capitalists.
Executive Summary
A brief and concise overview of a longer document or presentation, highlighting the key points, conclusions, and recommendations.
Business Concept
An idea for a new business that includes basic information like the service or product, the target demographic, and a unique selling proposition.
- Discern between productive and unproductive approaches to developing business strategies.
Verified Answer
TH
Tahir HussainMay 02, 2024
Final Answer :
False
Explanation :
The business concept should be clearly and concisely described in the executive summary to effectively communicate the vision and opportunity to potential investors. Being too vague can lead to confusion and lack of interest.
Learning Objectives
- Discern between productive and unproductive approaches to developing business strategies.
Related questions
A Business Plan Carefully Articulates the Market,business Model,investment Requirements,and Returns ...
Who Develops a Business Plan
Experts Today Are Unanimous: the Business Plan Is a Critical ...
Describe Why You Do or Do Not Believe That Writing ...
There Are Free Tools Online That Help Entrepreneurs Distill Their ...